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Nov 23, 2012
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incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in the 35 or the 33% tax bracket. you could only deduct 28% of the cost of say, charitable contributions. >> charities don't care what form it takes, they are so worried about any tax plans targeting the wealthy, representatives of dozens of charities will converge on washington on december 5th to urge lawmakers to spare charities whatever they decide to do. gregg? >> gregg: jim angle in washington. thanks. some holiday shopper also be able to get same day delivery on the post office. they will launch that in san francisco cost 10 bucks. you have to order online by 3:00 p
incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in...
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Nov 29, 2012
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he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are insisting that they don't want to take a framework for spending cuts down the road in exchange for tax changes now. they want it all done at the same time so that they can be sure that if taxes are going up on the rich, that in fact some of those spending cuts to bring down the debt will actually materialize. it might make it more likely to go of 00 cliff even though the president insisted today he thinks there will be a deal within weeks, shep. >> shepard: as for extending tax cuts for middle class americans it sounds like there is some agreement on that matter. >> it
he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are...
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Nov 28, 2012
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more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said that social security is not part of what is what we're going to do in this. i agree with him. and there are things that i personally believe there are things that we can do with entitlements that don't hurt beneficiaries. >> but if you have each side starting to take things off the table, it makes you wonder if at some point if gets harder to make a deal. shep. >> shepard: mike emmanuel on capitol hill. the white house and president obama will be making their case to regular americans this week. republican leaders say he should be negoti
more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said...
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Nov 21, 2012
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after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you throw these programs out. you run them more efficiently. you look at the fraud or waste and abuse that's been identified and then you come into the revenue picture. you know. people will call me and say, we need to trim this program. good with me, but the problem is it doesn't generate the difference that you need to make here. >> nebraska senators calling for going big, tax reform and entitlement reform since those are huge lifts for congress. for now, they could set numbers for spending cuts and revenue increases and then order different departments and agencies to make it happen. one expert says congres
after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you...